Malaysian shares closed up 1.28 percent on Wednesday driven by strong gains in property and construction stocks and selected blue chips, dealers said. The Kuala Lumpur Composite Index gained 13.37 points to 1,057.85. Advancers outpaced losers 594 to 120.
"Sentiment was distinctly more bullish today as some local funds embarked on a bargain-hunting spree for attractively priced stocks," a dealer told Dow Jones Newswires. The key index is tipped to trade between 1,046 and 1,070 points on Thursday. Among advancers, Genting rose 5.60 percent to 5.70 ringgit, Tenaga added 2.10 percent to 7.55, Maybank was up 2.70 percent to 5.75 and IOI Corp gained 2.20 percent to 4.62.